LNG Shipments Through Strait of Hormuz Grind to a Halt as Conflict Escalates

Exports of liquefied natural gas via the Strait of Hormuz appear to have ground to a halt over the past three days, data from tanker-tracking firms have suggested, while oil tanker traffic has shrunk considerably, Reuters reported today.

ING analysts, meanwhile, wrote in a note today that the latest hostilities would have a more serious impact on gas markets than oil markets, based on the previous rate of export recovery in the Gulf following the June ceasefire deal between the United States and Iran.

“The post?MoU rebound in vessel traffic…